ALTERNATIVE NEWS

Wednesday, December 05, 2012

Ex-CEO of Olympus blows the Whistle on Fraud and a Culture of Dysfunction in Japan

Recently, top bosses and executives at Olympus, the Japanese
manufacturer of medical equipment and cameras, pleaded guilty to fraud
in one of Japan's largest corporate scandals. Today we talk to Michael
Woodford, the former President and CEO of Olympus, about the scandal and
its implications. It was big news in the spring of 2011 when he became
president of the company, as he was the first westerner to climb the
ranks of a major Japanese corporation; in October of 2011, he became CEO
in addition to President. Yet just two weeks later, in mid-October of
last year, he was unexpectedly fired by the board. According to the
Financial Times, Olympus portrayed him as an outspoken Westerner who
"diverted from the rest of the management team."

But Michael
Woodford has a different story: he exposed to the press the
mismanagement and accounting cover-ups he discovered at Olympus.
Woodford became the first CEO of a global multinational company to blow
the whistle on his own company. We talk to him about the 1.7 billion
dollar fraud he exposed, as well as what he thinks about larger business
practice and economic health in Japan.

And President Obama said
he would love to have a business leader for his economic team this term,
but it is hard to recruit. Why? He told reporters that recruiting is
difficult because "the confirmation process has become so miserable so
drawn out." How does senate confirmation get in the way of properly
policing the financial sector? Lauren breaks it down in "Reality Check."

Plus,
former Senator Alan Simpson has a message for millennials in his Can
Kicks Back campaign video: stop tweeting otherwise "these old coots will
clean out the treasury before you get there." Lauren and Demetri talk
about what is behind the directive in today's "Loose Change." Source

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Dear Reader

Are YOU Involved or Institutionalized? Our belief that the global economic crisis would persist and deepen is being vindicated and current events are now as clear as ever on the matter. Time for all of us to wake up, stand up and be counted or continue to lose all our liberties. Protect your homes and families. The sun will still rise but financial chaos and suffering due to the global fascist banksters' greed and corruption, slaughter due to the MIC's directed world wars in our name etc. is not pretty. We are feeling the effect on our society the size and like of which we have never known.

We are way past being surprised at the blanket suppression of this information by the BBC and main stream media propaganda machines. Information is clearly available elsewhere and unchallenged, accounts for a far more realistic rendition of what we have actually seen and what we continue to see develop, whilst the main stream news put out leaves many confused and bewildered, 99.9% of us wrong footed and the awakened indignant. As we can now see, the apparently 'soft fascist' powers that be aim to block these alternative avenues of information. Book up, "Long Live the Evolution."Feel free to copyme. Angelo Agathangelou.

P.S. The MHRM, are calling out the constant misinformation disseminated by and maintain our open challenge especially to western radical feminists, to point out just one area where government in the UK, Europe or anywhere else in the English speaking world disadvantages women and girls when compared with men and boys, ...the wage disparity myth having long been debunked by serious academics and statisticians. So far this challenge has remained unanswered. Western feminism is obsolete.

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N.B.

These pages exist because we believe information from all perspectives should be aired, they do not necessarily reflect our views unless explicitly stated. We do not intend to cause offense, but we feel there is a need for such a shift in our society that to call it change rather than evolution would be an understatement. A velvet revolution towards living with reality for the individual, the family and society. A revolution towards living within our means and taking responsibility for ourselves, instead of mortgaging the future of our children to bloated leech faux democracy for the benefit of Ponzi 'banksters' and The Military Industrial Complex.